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710 13th Ave Sw Largo, FL 33770

3 Beds 2 Baths 1,137 sqft Built 1962

$259,900

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $228.58
  • 5 Days on Market
  • MLS # : U8114081
  • Updated Date : 02/26/2021 at 09:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,137 sqft
  • Baths : 2 full
Listing Agent

Coastal Properties Group

Listing Agent's Description

Don’t miss this freshly painted, home. The home has 3-bedrooms split plan and 2-bathrooms(2nd bath in the garage) with a Two-car garage. It has an updated kitchen. The backyard is fully fenced and has a wonderful patio, inviting outdoor living with plenty of space for outdoor activities. Newer metal Roof installed 12/2016 and AC is 9 years old (2011). NO FLOOD INSURANCE REQUIRED. You will love the convenience of this location. John S. Taylor Park and Pinellas trail are within a few blocks. Home is close to schools, Post Office, Largo Central Park, Library and Cultural Center. Near shopping center, restaurants, medical centers, public transportation, and it takes just a few minutes to drive to the beautiful Gulf Beaches. This is truly a wonderful home you won't want to miss. It's your lucky day, schedule a tour today!

SEE MORE

MARKET HIGHLIGHTS

  • Tampa metro contributes to 15.4% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
  • #2 in Homebuilding Prospects #10 in Overall Real Estate Prospects (Emerging Trends in Real Estate 2019, PWC)
  • 2nd Best City for Young Entrepreneurs (Forbes)
  • Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Tampa inherits the rank being part of Florida.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
  • Headquarters to several Fortune 1000 companies: Publix Super Markets, Tech Data, Jabil Circuit, WellCare Health Plans, Raymond James Financial, Bloomin’ Brands, HSN, and TECO Energy (Fortune, 2018)
  • #8 in America's Fastest Growing Cities (Forbes, 2018)
  • Tampa metro employment growth is at 2.6% and predicted to grow at 2.1% in 2019 (USMayors.org, 2018)
  • One of the best cost-friendly American cities to do business (KPMG)

PRICE & RENT TRENDS

Zip Code: 33770

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $81k238k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 33770

ZipNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8611674

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Ridgecrest Elementary School Primary Magnet 790 52 6
Largo Middle School Middle Regular 733 44 3
Largo High School High Magnet 1,677 86 6

Ridgecrest Elementary School

  • Education Level: Primary
  • # of students: 790
  • # of teachers: 52
6
GreatSchools Rating

Largo Middle School

  • Education Level: Middle
  • # of students: 733
  • # of teachers: 44
3
GreatSchools Rating

Largo High School

  • Education Level: High
  • # of students: 1,677
  • # of teachers: 86
6
GreatSchools Rating
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$903
Property Tax -$317
Property Insurance -$102
Property Management Fees -$129
CASH FLOW
-$50

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$259,900

PROJECTED PRICE

$1,400

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 5.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$14,465

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,400

    LIST RENT
  • $1.23

    LIST RENT PER SQFT
  • $1,495

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,4003$1,4004$1,5495$1,600
$1,600
RENT COMPS ANALYSIS
  • 710 13th Ave Sw Largo, FL 3
    • 3 beds 2 baths ∙ 1,137 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,137 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.23
    •  
  • 2544 Adrian Ave Largo, FL 1
    • 3 beds 1 baths ∙ 1,022 Sqft ∙ Built 1956 3 beds 1 baths ∙ 1,022 Sqft ∙ Built 1956
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.27
    •  
  • 740 7th Ave Sw Largo, FL 2
    • 3 beds 1 baths ∙ 1,064 Sqft ∙ Built 1960 3 beds 1 baths ∙ 1,064 Sqft ∙ Built 1960
    LEASED 02/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.32
    •  
  • 731 Lakeside Dr Largo, FL 4
    • 4 beds 2 baths ∙ 1,120 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,120 Sqft ∙ Built 1959
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $1.38
    •  
  • 2408 8th Ave Sw Largo, FL 5
    • 3 beds 2 baths ∙ 1,238 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,238 Sqft ∙ Built 1955
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.29
    •  
PROPERTY LISTING DETAILS
Richard Hehl
1.727.458.3463
Coastal Properties Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8114081
Last Updated: 02/26/2021
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